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632 Ollie Street

Stephenville, TX 76401

$179,000

1 units · 1947

Units1
Building area938 sq ft
Year built1947
Gross income$16,800/yr
Cap rate7.31% as listed
Parking1 spaces
Lot size0.12 acres
TypeResidential Income

What it costs to own

Taxes$1,723 per year
HOANone listed
Operating expenses$3,723 per year — as listed
Insurance$2,000 per year — as listed
Net operating income$13,077 per year — as listed

Taxes shown reflect the current owner's exemptions and may change after purchase.

About this home

Investor opportunity just steps from Tarleton State University! This 2-bedroom, 1-bath single-family home offers immediate and stable cash flow with a tenant in place through June 30, 2027 at $1,400 per month. Ideally located within walking distance to campus, the property benefits from consistent rental demand driven by Tarleton State’s continued growth as a Division I university with steadily increasing enrollment. This prime location makes it highly attractive for student or faculty housing, supporting long-term investment potential. The home’s manageable size and layout provide low maintenance ownership, while the existing lease ensures reliable income from day one. Whether you’re expanding your portfolio or seeking a turnkey rental in a high-demand area, this property presents a compelling opportunity for both current returns and future appreciation.

The details

HeatingCentral, Electric
CoolingCentral Air, Electric, Wall/Window Unit(s)
FlooringLuxury Vinyl Plank
AppliancesElectric Range
Interior featuresBuilt-in Features, Eat-in Kitchen, Granite Counters, High Speed Internet Available

Construction materialsSiding
RoofAsphalt
FoundationPillar/Post/Pier

Lot featuresInterior Lot
FencingChain Link, Privacy, Wood
Water sourceCity Water
SewerCity Sewer

SubdivisionCollege Heights

ElementaryChamberlai
Middle schoolStephenvil
High schoolStephenvil
DistrictStephenville ISD

Gross income$16,800 per year
Operating expenses$3,723 per year
Operating includesInsurance, Other
Insurance$2,000 per year
Cap rate7.31% — as listed
Net operating income$13,077 per year

MLS #21247901
Source
On the market141 days
CountyErath

Around this home

One moment…

Everyday life

Nearest groceryH-E-B · 1.0 mi
Nearest parkHeritage Courtyard · 0.3 mi

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Listing courtesy of Ebby Halliday Realtors — Eric Hayden.

Where it is

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Robert LewisStephen LewisRobert & StephenInk Realty Group

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Nearby in STEPHENVILLE

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Listing courtesy of Signature Land & Home

655 Race Street, Stephenville, TX 76401

$177,500

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Listing courtesy of GILMAN PROPERTIES

Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21247901. Information last updated September 18, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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